First National Commercial Busselton are pleased to offer 18-20 Wright Street Busselton.
This large single landholding of 4,946 square metres is situated within the Busselton Light Industrial Area which is regarded as the commercial epi-centre of the City of Busselton servicing a surrounding population of 42,000+. The region is considered as a strong economic growth centre serviced by a regional airport, a strong business hub and large infrastructure projects.
The property benefits from a strong tenancy with a long term history at the property in excess of 15 years. Stratco (WA) Pty Ltd are the sole tenants of the property and provides a net lease structure meaning that all outgoings are covered. First National Busselton can assist you with the ongoing management and compliance of the property with management fees paid by the tenant.
The Stratco group has been servicing the Australian building and home renovation market for over 70 years and locally at Wright Street facility since the 1990's. Stratco now has state of the art manufacturing facilities in all mainland states of Australia along with a network of home improvement stores throughout the country. With over 70 years' experience in the building and home renovation markets, Stratco has become one of the largest producers and marketers of quality building and home improvement products in Australia and is actively pursuing a place on the world stage. With the significant expansion of the Greater Busselton and Dunsborough regions, demand for home improvement products has risen strongly and is expected to continue with strong population growth in the region.
Improvements on the property comprise a c1990 built showroom and warehouse development constructed of solid portal frame construction providing an approximate building area of 1,305 square metres plus mezzanine. The improvements are insulated and serviced by reverse cycle airconditioning providing a good standard of accommodation for the Lessee. The existing improvements comprise a site coverage of approximately 26% providing future scope for expansion of buildings on the property.
Investment Return: Current net annual income of $101,200 pa with annual fixed 5% rent increases. All outgoings payable by Lessee (land tax single rate ownership). Current lease term 3 years expiring 8/2025 plus a further 3 year option.
Contact your Commercial and Industrial property specialist Matt Snaddon for an Information Memorandum on this property with further details 0488 280 020.
***Prior to purchasing the property First National Real Estate Busselton requires the buyer to conduct their own due diligence including verification of details the agent has advised to you. The information provided to the agent comes from the vendor (and other 3rd parties including Landgate and local government authorities) and we confirm as agent we have no independent knowledge of the correctness of the information.
